Australia interior fit out market forecast and opportunities, 2024 - TechSci Research

1. PUBLISHED : November 2019 2014 – 2024 AUSTRALIA INTERIOR FIT OUT MARKET BY APPLICATION, BY REGION, FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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5. Product Overview Interior Fit Out refers to the process of developing interior of floor, ceiling, MEP (Mechanical Electrical Plumbing), etc., to make the property fit for occupation. The usage of this term is usually with respect to workplace developments. All the base construction (shell and core) of the building is done by the building developer, while the rest of the work is done by interior fit out contractors. The denizen or inhabitant usually takes the property on lease from the owner. The form in which the interior fit out work is to be performed is dependent on the percentage of work completed by the builder and the interior specification specified by the denizen. Builder hands over the base structure to tenant or owner, who employs interior fit out service provider for carrying out interior fit out including, installation of office partitions, installation of electrical connections, fitting out reception areas, installation of lighting, installation of audio visual equipment, installation of AC ducts, etc. Interior fit out shall be executed by contractors in accordance with specification provided by building owner or developer. These specifications are indicated on the drawing. The contractors are instructed to use all products and materials of established brands and approved by domestic regulatory agencies. Base Structure Fit Out Work

6. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in Australia interior fit out market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Australia interior fit out market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers 6

7. Research Methodology • Respondents were asked about the current and future market growth rates, as well as market shares by application and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated in Australia interior fit out market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 7

8. Research Methodology • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Australia interior fit out market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis • The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. Partial list of companies interviewed and key secondary sources studied for the report are given as under:

9. INDUSTRY BRIEF According to TechSci Research report, “Australia Interior Fit Out Market By Application, By Region, Competition, Forecast & Opportunities, 2014 - 2024”, Australia interior fit out market is projected to grow at a CAGR of over 14% during 2019-2024. The double-digit growth of Australia interior fit out market can be attributed to rapid urban infrastructure developments across the country, growing demand for non-residential construction coupled with favorable government policies and low mortgage interest rates that have provided a conducive operating environment for interior fit out industry and pushed the market demand over the last five years. In terms of region, Australia interior fit out market has been divided into Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia. Australia Capital Territory & New South Wales dominate Australia interior fit out market and the region is expected to maintain its dominance during the forecast period as well owing to high demand for office spaces and rising investments in the region’s construction. This region consists of areas like North Sydney, Chatswood, St Leonards and Macquarie Park where demand for commercial spaces is witnessing an increase. Additionally, changing retail landscape in Australia and rising construction requirements from the retail sector, which includes retail stores, shopping malls, superstores, hyperstores, and departmental stores, are further expected to derive the growth of Australia interior fit out market. Growing digitalization and use of technology, coupled with rising consumer expectations from both store-based and non-store-based retail and distribution channels, is pushing the industry players to restructure their store formats and warehouses, and re-examine their infrastructure strategy. This will further boost the growth of retail interior fit out market, which is expected to exhibit the highest growth rate during the forecast period. Some of the leading companies operating in Australia interior fit out market are Shape Australia Pty Ltd, Unispace Global Pty Ltd., Unita (Qld) Pty Ltd, Projects Queensland Interiors, Zircon Interiors, Contour Commercial Interiors, InOne Projects, MPA, DY Constructions Australia Pty Ltd, etc. “Australia’s interior fit out market is expected to get a push from growing focus of the Australian government towards smart city projects that include building smart homes with home energy management system, home automation and home safety and security, along with lighting and HVAC management, and fire & alarm system management. Also, with technological integration gaining traction in the country due to increasing complexity of new buildings and high data dependency for their efficient operations, the market for interior fit out in Australia is further expected to witness a strong growth during the forecast period.” said Mr. Karan Chechi Research Director with TechSci Research, a research based global management consulting firm.

10. SAMPLE DATA - SNAPSHOT Australia Interior Fit Out Market Share, By Company, By Value, 2018 • Australia Interior Fit Out Market Size, By Value, 2019E & 2024F (USD Million) CAGR (2019E-2024F) By Value: xx% CAGR (2019E-2024F) By Value: xx% CAGR (2014-2018) By Value: xx% • Australia Capital Territory & New South Wales Interior Fit Out Market Size, By Value, 2014-2024F (USD Million)

11. REPORT ORDERING • Report Name: AUSTRALIA INTERIOR FIT OUT MARKET • BY APPLICATION, BY REGION, • FORECAST & OPPORTUNITIES, 2014 – 2024 Report Price To View Sample OR Purchase Report

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